The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-08-10
MEMPHIS DAILY APPEALr-wEDNEsDAY. AUGUST 10. 1887


steady; No. 2 red, none on market;
No. 3 soft, 66ic. Corn strong; No. 3
cash, $50; September, 363c; October,
38}c bid, SIC ssked. 0ats-No. 2 cash,
23c bid, este asked.
ST. LOUIS, No, August 9-plour
quiet and steady. Wheat opened
weak, declining &c, hut became stead.
Ter and advanced a@lc, again de-
ching and closing s,as shove yester.
day. No. 2 red, cab, 6SA; Ssptem.
Der, 69t970ar, dosing at 7O3s: DC.
tober, 7lj@72s', clo,ing al 723c;
Deos mber, 753@76s,, closing at 76sc.
Corn opened es.y asd closed tic
hiaher; cash, 37t@3S; August, 37(9
3slc, closing at 3Sc: Septembsr, 500
Sssc, closing at Sssc; October, S7l@
S9tc, closing at 39le. Oas firm; cssU,
2Ss@24c; September, 24a@243c, clos.
ing at 24ic; May, 3N}@Slc, cloeing 81
bid. Rye dull, 43c Hay, strong;
prime timothy, Sl2@l7; prairie,
81 50@S 80. Bran. Steady at SAC.
Cornmeal firm at ~. Recsipts-Flour,
5000 brls; wheat IS 600 br corn 80.
600 bu; oats, $1,000 bu; rye, none;
barley, none. Shipmsnts-Flour, l2.-
900 b'ls; wheat, none; corn, $1,000
oats, 5000 bu; rye, loco bu; barley,
1000 bu.
CHICAGO, ILL.,, August 9.-The corn
pit was the principal relief from the
general dullness on Change today.
Even the corn crowd seemed to lose
interest early, and prices dragged be-
low the closing pricts OF yesterday,
but later the market wss active, with
heavy trading. The drouth was, OF
course, the guiding influence, and
whea trading began in earnest, the
ter dency was for better figures. A
prominent operator who unloaded No
much May corn So possible yesterday
without causing break was q buyer
again today. Outside orders were Il
q bullish nature, and with any amount
OF talk about q sudden jump to Acc.
There was a good demand for invest
ment and good demand for ehorte.
Reports regarding the growing crops
were very untsyorable, no rains Of
consequences being reported in the
corn belt. 1t was alfo expected that
the government report, which is looked
for tomorrow, will make au unfavora'
bic showing, ard this also as
sisted the hrmnets to consid.
erabe extent. The market opened
active and nervous, at a ebade lower
prices than Yesterdays closing prices,
was steady for time, then ruled firm,
advancing with slight char gee t(9l &c,
ruled irregular, changing come, and
closed a@Ic higher for near futures
and about ltc higher for May than the
closing prices Of yesterday. There were
few trsoersin the wheat pit today at
any time. There WA nothing TO keep
them there. The etuf acted CO II held
by a dead weight, and until the last
fifteen minutes Of the session there
was not huCiuatlon enough to give
even the smallest scalpeis a chance.
Considerable talk was INDUCED In
about the prospects Of a small acreage
OF winter wheat for the fall planting
The extreme drypess Of the coil and
the slight encouragement offered pro.
ducers by the present price,, II was
raid, would result In cutting down the
acreage crop Of 1888. Tee market
opened shade lower than yesterday
and declined TO q point about sc be-
low yesterdays closing, then rallied
under better demand, advancing 10,
and closed about the same 10 tc higher
than yes erdsy. There was continu.
alton of yesterdays activity ana
strength In the oats market, the ship
ping demand by the water route
being particularly good at present.
Speculative trading was Of just fair
volume. and al futures were
fully 4, higher, except September,
which was only 10 better at the close.
Cab quotations were 80 follows: + our
quet without quo'able change No. z
spr ng wheat, os@6stc. No. 3 sprins
shea', 50; No. 2 rcd, 70lc. No.
cora, 40Ic. No. Goats, 26c. No. Q rye
43ic. No 2 barley, nominal. No. !
aaxseed, 81 o.. Prime timothy seed
new 81 %. The leadioR futures
range rs follow: Wheat, No 2-Au.
gust orened at CSC, highest 6slc, low.
sst 67kc. closing At 6sie; September
opened nj GOT ,highest 69s i,lowes' ,6slc
closing II 6sl D; October 1ppned q. 7lc
highett 7lii, lowest 70lc, closing NJ
7llc; December o,ened at IA :, high
est 7isc, lowe.t 49, =, closing ~ 74lc
Corn, No 2-August opened ut 40,
highest 4llc, lowest 40s, closing nj
Ale; September ope ed at 40ir, high
-st 42d, lowest 40ic, closing at att;
October opsned Ut Az :, highest 43c
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